article thumbnail

‘Like a ghost town’: Retailers react to the Omicron wave

Inside Retail

Foot traffic is down in CBDs and shopping centres as consumers return to working from home. We then struggle to get deliveries and stock, as their workers are also in isolation. At some stage, we do need to return to normal, and we must live through the impacts, so we can get to the other side. It goes on and on.

article thumbnail

Understanding Furniture Inventory Management Software in 2023

Retalon

For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way. Powerful analytics help you optimize stock levels to drive sales, improve margins, and increase customer satisfaction. This visibility enables you to identify and correct issues with dead stock.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

As contingency plans, more executives are finding new vendor partners and sourcing domestically to keep their supply chains closer to home. Retail workers are quitting at record rates for higher-paying work: ‘My life isn’t worth a dead-end job.’ Out-of-stocks. 4 Krashinsky Robertson, Susan and Matt Lundy. The Globe and Mail.

article thumbnail

4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Will you deny returns at a store level?

article thumbnail

7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. Last minute markdowns that offload stock at a loss. There is constant manual intervention, this may be transferring inventory between stores or ordering new stock. What is bad inventory called day-to-day?

article thumbnail

How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How much extra inventory should be ordered for planned promotions? What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?

article thumbnail

How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How much extra inventory should be ordered for planned promotions? What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?